Disruptive technology

March UK housing snapshot

  • Companies : Rightmove plc | Purplebricks Group plc


We follow the UK housing market to inform our view on Rightmove (RMV) and Purplebricks Group (PURP). RMV is less impacted by the ups and downs but PURP seems to struggle in a challenging market. Akin to the capital markets, observers are confused – what happens next? March 2022 produced a further drop in the sentiment-led Twindig index, down 2%, but transactions and mortgage approvals were up 5% and 14% respectively against long-run averages.

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Apr 4 2022, 08:05 IST/BST